Carvana
CVNA
255 hedge funds and large institutions have $4.65B invested in Carvana in 2023 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 69 increasing their positions, 90 reducing their positions, and 46 closing their positions.
65% more capital invested
Capital invested by funds: $2.82B → $4.65B (+$1.84B)
24% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 46
7.79% more ownership
Funds ownership: 511.84% → 519.63% (+7.8%)
4% more funds holding
Funds holding: 245 → 255 (+10)
1% less call options, than puts
Call options by funds: $879M | Put options by funds: $887M
17% less funds holding in top 10
Funds holding in top 10: 23 → 19 (-4)
23% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 90
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$221M |
| 2 |
BlackRock
New York
|
+$168M |
| 3 |
Morgan Stanley
New York
|
+$76.7M |
| 4 |
Renaissance Technologies
New York
|
+$59.2M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$54.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$112M |
| 2 |
Jane Street
New York
|
-$59.3M |
| 3 |
GCP
Greenoaks Capital Partners
Orinda,
California
|
-$57.2M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$55.1M |
| 5 |
D.E. Shaw & Co
New York
|
-$47.1M |
CVNA Hedge Fund Activity: Q3 2023 in Review
255 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q3 2023, worth a combined $4.65B — up 65% from $2.82B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new CVNA positions and 46 closed out — a net gain of 11 holders — while 69 added to existing stakes and 90 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $221M. The largest seller was Millennium Management, cutting an estimated $112M.
- 255 institutional investors held Carvana (CVNA) as of Q3 2023, up from 245 in Q2 2023.
- Funds reported $4.65B of Carvana stock for Q3 2023, up 65% quarter-over-quarter.
- 57 funds opened new Carvana positions in Q3 2023 and 46 closed out, a net change of +11 holders.
- The largest Carvana buyer in Q3 2023 was T. Rowe Price Associates, an estimated $221M added.
- The largest Carvana seller in Q3 2023 was Millennium Management, an estimated $112M sold.
Based on aggregated 13F filings for Q3 2023.